The Exchange has received the disclosure under Regulation 18(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jujhar Constructions & Travels Pvt Ltd
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Jujhar Constructions and Travels Pvt Ltd (JCTPL) has acquired a controlling 54.65% stake in CDG Petchem Limited, jumping from 0% to majority ownership in a single transaction. The acquisition was done via preferential allotment on June 14, 2025, comprising 49 lakh equity shares at Rs. 41 per share along with 5.64 lakh warrants. The share capital of CDG Petchem post-allotment stands at 1 crore equity shares on a diluted basis. This disclosure is filed under Regulation 18(6) of the SEBI Takeover Regulations, indicating it is part of the open offer process, with JCTPL having been named as the acquirer in the detailed public announcement dated April 16, 2025.
This is a significant change of control event for CDG Petchem shareholders, with JCTPL now holding a majority stake. Existing minority shareholders should watch for the open offer window to exit if they choose, and expect potential changes in board composition and business direction under the new controlling shareholder.